All Type of News
Household's average drug outlays comprised 24,700 won
The average monthly drug outlays of an Korean household in 2003 stood at 24,700 won, the National Statistical Office said recently.
An household's average monthly spending in the first quarter of 2002 accou...
Smaller package sizes favored by some drug makers
Some pharmaceutical firms are opting for release of smaller package units of OTCs (e.g., one, six or 12 tablets/capsules) in a bid to boost their sales at the domestic pharmacy market without price hikes.
Choong-wa...
Noncompliance of common drug list submission must penalize.
The Korea Pharmaceutical Association (KPA) put forceful strategies for the government newly to establish a penal provision when the common prescription drug lists are not complied to submit as they are currently exper...
KPA members disgruntle over envisioned reduction of dispensing charges on ointments
In a recent subcommittee meeting of the Health Insurance Policy Deliberation Committee among the attendants from the government, medical and pharmaceutical circles, the Ministry of Health Welfare adopted an unexpected...
Non-compliance of duplicate prescription issuance to be penalized.
The current provision requires for physicians to issue a duplicate prescription, which, however, has not been complied. The MOHW is now therefore considering to enforce this provision with strict penalties in viewing ...
Anti-osteoporosis drugs market being heated
Business sources say that with the new launching of Handok Pharm's Actonel (risedronate), the domestic anti-osteoporosis drugs market has emerged as an arena of fierce competition among several pharmaceutical makers. ...
Finished drug exports remarkably grew up in lst quarter.
The total pharmaceutical export for the lst quarter of this year showed a comparable level with the same period last year but the export value of finished drugs substantially jumped up.
According to the...
OTC-oriented pharmaceutical firms struggling to boost sales
OTC pharmaceutical firms are moving to increase the sales of summer-season drugs towards the domestic pharmacy market as part of their efforts to boost their bottom lines.
These firms are offering lots of premiums...
Chinese pharmaceutical machinery business expands rapidly
KOTRA-China said in a recent report citing a Chinese business source that a large pharmaceutical machinery maker in China has been making a 24-hour operation to meet the explosive demand with a plan to expand the prod...
Government seeks to reduce medical insurance benefits on patients with mild disease
In an effort to provide more insurance benefits to patients with severe diseases, the government will try to change the current health insurance allowance system reducing medical insurance benefits on patients with mi...
